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07:48
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Originally posted by supermajor
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Krusty. We noticed your comments were released after you had sold and had no risk so your integrity in under question with me at least. This passive negativity isn't fooling anybody. Here is a scenario that may have occurred,or some variation of it. I don't know the woman. Yes Ms Shanshan would have been well connected and would have had detailed discussions about where the Company had come from, how the Company was tracking and projections of where it was going. She was obviously so impressed that she stumped up 3 of the 4 million at IPO. That is showing more commitment than anybody here. Nobody here knows how she stumped that up and what other pressures existed for her to do so. We don't know how much of it may have been borrowed etc for example. For 6 months SP is buoyant and she patiently waits and does not sell any stock which is trading around her entry price. Then the escrow period passes and something she hasn't anticipated occurs. A bunch of holders start cashing in their chips and create major supply at around 6-7 cents. Imagine what she is feeling now. She has real skin in the game. Her 3 million investment was now only 1 million. Listen to the ridiculous shareholders screaming like babies here yesterday when the SP dropped by 1 cent and they were $400 dollars down. She is not a scalper day trading for pips. Her whole financial world could have been centred around this. June guidance was released but because of the post escrow supply situation and the info being under the radar of most investors SP doesn't do much for the next month. Although she believes in the Company, she cannot control what the market is doing and has no idea of how long it is likely to do it. She goes into damage control and sells only a portion possibly to maybe cover some interest repayments and buy time in case things happen to get worse. As luck would have it, the market here finally wakes up and react to the next guidance but she has already sold the portion. Obviously with the benefit of hindsight she would have waited and extra week or so but markets are irrational. She bought in on a much higher PE than 3. I'm sure she can see that the tides are changing for the better now with regard to the SP getting traction.
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Supermajor. I did sell on Monday. I got nervous after reading some information that I had not seen/considered before, posted on another forum by posters whom I know are a lot more knowledgable than me. Just trying to look at both sides and share. I have no ulterior motive.
